California Government Code

§ 92301

GOV § 92301Title 11 · Ch. 6

Statute text

The commission may agree to pay the cost of a project constructed by any participating party and to advance the costs from time to time in installments or otherwise as required by the contract for the construction thereof. Title to all projects shall be vested in the commission, subject to the terms of any lease thereof to the participating party or the rights of a participating party under any contract for the purchase of the project, including the payment of the purchase price under installment sales contracts.

Legislative history

Added by Stats. 1982, Ch. 1553, Sec. 2.